Headlines about 3M (NYSE:MMM) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. 3M earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the conglomerate an impact score of 46.2995493054043 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
Shares of NYSE MMM traded up $0.56 during mid-day trading on Monday, hitting $212.81. The company had a trading volume of 2,186,066 shares, compared to its average volume of 2,687,542. The company has a market cap of $126,394.88, a price-to-earnings ratio of 23.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. 3M has a 12 month low of $188.62 and a 12 month high of $259.77. The company has a current ratio of 1.86, a quick ratio of 1.33 and a debt-to-equity ratio of 1.04.
3M (NYSE:MMM) last announced its quarterly earnings results on Thursday, January 25th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.07. The business had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.85 billion. 3M had a return on equity of 48.34% and a net margin of 15.35%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $1.88 EPS. equities analysts forecast that 3M will post 10.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Friday, February 16th were issued a $1.36 dividend. This is an increase from 3M’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $5.44 annualized dividend and a dividend yield of 2.56%. 3M’s dividend payout ratio (DPR) is 59.32%.
Several research analysts have recently commented on MMM shares. Argus reiterated a “buy” rating on shares of 3M in a research report on Friday, December 22nd. Citigroup lifted their target price on 3M from $268.00 to $278.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Hilliard Lyons upgraded 3M from a “neutral” rating to a “buy” rating and set a $285.00 target price for the company in a research report on Wednesday, January 24th. JPMorgan Chase reiterated an “underweight” rating and issued a $221.00 target price (up previously from $208.00) on shares of 3M in a research report on Thursday, January 18th. Finally, Zacks Investment Research upgraded 3M from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a research report on Monday, January 15th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. 3M currently has a consensus rating of “Hold” and an average target price of $253.22.
In related news, EVP Frank R. Jr. Little sold 3,133 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $236.85, for a total value of $742,051.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Hak Cheol Shin sold 8,385 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $247.20, for a total value of $2,072,772.00. Following the completion of the sale, the insider now directly owns 120,105 shares in the company, valued at approximately $29,689,956. The disclosure for this sale can be found here. In the last three months, insiders sold 52,806 shares of company stock worth $13,162,628. Company insiders own 0.72% of the company’s stock.
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3M Company operates as a diversified technology company worldwide. The company's Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; purification products; closure systems for personal hygiene products; acoustic systems products; automotive components; and abrasion-resistant films, and paint finishing and detailing products.
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